REG - Airtel Africa PLC - Nigeria PSB Full Licence Approval

Airtel AfricaAnnouncement

29/04/2022 10:45

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RNS Number : 8796J  Airtel Africa PLC  29 April 2022

 

Airtel Africa plc

 

('Airtel Africa', or the 'Group')

 

 Nigeria PSB Full Licence Approval

 

London and Lagos, 29 April 2022: Airtel Africa, a leading provider of
telecommunications and mobile money services, with a presence in 14 countries
across Africa, today announces that the Central Bank of Nigeria ('CBN') has
confirmed that its subsidiary, SMARTCASH Payment Service Bank limited
('Smartcash'),  has now received final approval from the Central Bank of
Nigeria for a full Payment Service Bank ('PSB') licence, affording the Group
the opportunity to deliver a full suite of mobile money services into Nigeria.

More details regarding the commencement of operations will be presented with
our full year results announcement in May 2022.

Segun Ogunsanya, CEO, Airtel Africa, said:

 "I am very pleased that Smartcash has been granted approval for a full PSB
licence to operate a service bank business in Nigeria and we are now working
towards commencement of business. This licence enables us to expand our
digital financial products and reach the millions of Nigerians that do not
currently have access to traditional financial services. We are delighted to
be able to pursue our shared agenda with the Nigerian Government, the CBN and
traditional financial institutions to further deepen financial inclusion in
the country for the benefit of all citizens and the Nigerian economy."

 

-ENDS-

 

 

Enquiries

 

 Airtel Africa - Investor Relations

 Pier Falcione                                                            +44 7446 858 280

 Morten Singleton                                                         +44 7464 830 011

 Investor.relations@africa.airtel.com                                     +44 207 493 9315
 (mailto:Investor.relations@africa.airtel.com)

 Hudson Sandler                                                           +44 207 796 4133

 Nick Lyon

 airtelafrica@hudsonsandler.com (mailto:airtelafrica@hudsonsandler.com)

 

About Airtel Africa

Airtel Africa is a leading provider of telecommunications and mobile money
services, with a presence in 14 countries in Africa, primarily in East Africa
and Central and West Africa.

Airtel Africa offers an integrated suite of telecommunications solutions to
its subscribers, including mobile voice and data services as well as mobile
money services both nationally and internationally.

The Group aims to continue providing a simple and intuitive customer
experience through streamlined customer journeys.

www.airtel.africa (http://www.airtel.africa)

 

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